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The Gini index is a number that attempts to measure how equitably a resource is distributed throughout a population, and is commonly used in economics as a measurement of inequality of wealth or income. The Gini index is often defined as…

组合数学 · 数学 2022-02-01 Grant Kopitzke

The Gini index is a function that attempts to measure the amount of inequality in the distribution of a finite resource throughout a population. It is commonly used in economics as a measure of inequality of income or wealth. We define a…

表示论 · 数学 2023-05-23 Grant Kopitzke

The Gini index signals only the dispersion of the distribution and is not very sensitive to income differences at the tails of the distribution. The widely used index of inequality can be adjusted to also measure distributional asymmetry by…

计量经济学 · 经济学 2022-09-15 Mario Schlemmer

To simultaneously overcome the limitation of the Gini index in that it is less sensitive to inequality at the tails of income distribution and the limitation of the inter-decile ratios that ignore inequality in the middle of income…

综合经济学 · 经济学 2022-01-03 Thitithep Sitthiyot , Kanyarat Holasut

The inequality is computed through the so-called Gini index. The population is assumed to have the variable of interest distributed according to the Gamma probability distribution. The results show that the Gini index is reduced when the…

物理与社会 · 物理学 2007-05-23 Diego Saa

Income and wealth allocation are foundational components of how economies operate. These are complex distributions, and it is hard to get a real sense for their dynamics using simplifications like average or median. One metric that…

综合经济学 · 经济学 2023-04-21 Dave Costenaro

Classical measures of inequality use the mean as the benchmark of economic dispersion. They are not sensitive to inequality at the left tail of the distribution, where it would matter most. This paper presents a new inequality measurement…

计量经济学 · 经济学 2022-09-13 Mario Schlemmer

Modeling equity in the allocation of scarce resources is a fast-growing concern in the humanitarian logistics field. The Gini coefficient is one of the most widely recognized measures of inequity and it was originally characterized by means…

最优化与控制 · 数学 2021-06-25 Douglas Alem , Aakil M. Caunhye , Alfredo Moreno

The Gini's mean difference was defined as the expected absolute difference between a random variable and its independent copy. The corresponding normalized version, namely Gini's index, denotes two times the area between the egalitarian…

概率论 · 数学 2024-01-08 Marco Capaldo , Jorge Navarro

Entropy is being used in physics, mathematics, informatics and in related areas to describe equilibration, dissipation, maximal probability states and optimal compression of information. The Gini index on the other hand is an established…

物理与社会 · 物理学 2023-07-19 Tamás S. Biró , Zoltán Néda

Lorenz values and the Gini index are popular quantities in Mathematical Economics, and are used here in the context of quantum systems with finite-dimensional Hilbert space. They quantify the uncertainty in the probability distribution…

量子物理 · 物理学 2020-08-26 A. Vourdas

Social inequality manifested across different strata of human existence can be quantified in several ways. Here we compute non-entropic measures of inequality such as Lorenz curve, Gini index and the recently introduced $k$ index…

物理与社会 · 物理学 2015-07-17 Jun-ichi Inoue , Asim Ghosh , Arnab Chatterjee , Bikas K. Chakrabarti

Social inequality is traditionally measured by the Gini-index ($g$). The $g$-index takes values from $0$ to $1$ where $g=0$ represents complete equality and $g=1$ represents complete inequality. Most of the estimates of the income or wealth…

物理与社会 · 物理学 2014-05-27 Asim Ghosh , Nachiketa Chattopadhyay , Bikas K. Chakrabarti

Inequality indices are quantitative scores that gauge the divergence of wealth distributions in human societies from the "ground state" of pure communism. While inequality indices were devised for socioeconomic applications, they are…

统计力学 · 物理学 2017-03-31 I. Eliazar

The classical Lorenz curve is often used to depict inequality in a population of incomes, and the associated Gini coefficient is relied upon to make comparisons between different countries and other groups. The sample estimates of these…

统计理论 · 数学 2017-02-01 Luke A. Prendergast , Robert G. Staudte

Inequality is an inherent part of our lives: we see it in the distribution of incomes, talents, resources, and citations, amongst many others. Its intensity varies across different environments: from relatively evenly distributed ones, to…

物理与社会 · 物理学 2023-04-18 Lucio Bertoli-Barsotti , Marek Gagolewski , Grzegorz Siudem , Barbara Żogała-Siudem

PageRank is a widely used algorithm for ranking webpages and plays a significant role in determining web traffic. This study employs the Gini coefficient, a measure of income/wealth inequality, to assess the inequality in PageRank…

计算机与社会 · 计算机科学 2024-12-30 Subhajit Sahu

The pursuit of having an appropriate level of income inequality should be viewed as one of the biggest challenges facing academic scholars as well as policy makers. Unfortunately, research on this issue is currently lacking. This study is…

综合经济学 · 经济学 2022-01-04 Thitithep Sitthiyot , Kanyarat Holasut

The paper covers the new model of wage distribution in typical group of people. The model provides the opportunity to reparameterize applicable income distribution model: Pareto, logarithmically normal, logarithmically logistic, Dagum etc.…

综合金融 · 定量金融 2013-09-17 Dmitry Schmerling

Socio-economic inequality is characterized from data using various indices. The Gini ($g$) index, giving the overall inequality is the most common one, while the recently introduced Kolkata ($k$) index gives a measure of $1-k$ fraction of…

物理与社会 · 物理学 2016-11-23 Arnab Chatterjee , Asim Ghosh , Bikas K Chakrabarti
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